LONDON, Nov. 2, 2015 /PRNewswire/ -- In an over supplied competitive market with minimal margins, oil companies worldwide are investing heavily in revamping their capacity to produce more of premium products such as ultra-low sulfur diesel, a diesel fuel with sulfur content as low as 10 parts per million. Industry leaders such as Exxon Mobil, BP Plc, Chevron, Total and others are burdened by industry overcapacity amidst a still sluggish economy and facing sluggish demand from the market as well. [Read more]
MRC Global Awarded Major Contracts for Statoil’s Johan Sverdrup Project
HOUSTON, Nov. 2, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that its Norwegian subsidiaries, MRC Teamtrade and MRC Energy Piping, have been awarded major contracts to support Statoil's Johan Sverdrup project in the North Sea. Johan Sverdrup, a multi-platform offshore development in the Norwegian Continental Shelf, is the largest project in the North Sea. The development will include four platforms: a utility and accommodation platform, a processing platform, a drilling [Read more]
Columbia Pipeline Partners LP Declares Quarterly Distribution
HOUSTON, Nov. 2, 2015 /PRNewswire/ -- The Board of Directors of CPP GP LLC, as general partner of Columbia Pipeline Partners LP (NYSE: CPPL) ("CPPL" or the "Partnership"), a Columbia Pipeline Group, Inc. (NYSE: CPGX) company, today approved a quarterly distribution payment of $0.1725 per unit for CPPL, payable on November 20, 2015, to both common and subordinated unit holders of record at the close of business on November 13, 2015. This distribution represents an approximately three percent [Read more]
Global Analysis of the Oil and Gas Analytical Instrumentation Market – Reportlinker Review
NEW YORK, Nov. 2, 2015 /PRNewswire/ -- Global Analysis of the Oil and Gas Analytical Instrumentation Market : Regulations and Improving Technology Development Stimulate GrowthThis research service analyzes the global oil and gas analytical instrumentation market The product segments covered include gas chromatographs, spectrometers, gas analyzers, and liquid analyzers Oil and gas application areas are divided into the upstream, midstream, and downstream sectors Revenue forecasts are provided by [Read more]
OSP helps Pioneer Energy Services with coiled tubing bacterial issue in the Eagle Ford
CALGARY, Nov. 2, 2015 /CNW/ - OSP worked with Pioneer Energy Services (NYSE:PES) to successfully apply their 2K7® biocide to mitigate bacterial growth in coiled tubing fluids in the Eagle Ford formation. "Microbial influenced corrosion, or MIC, has been shown to cause premature failure of coiled tubing units in the Eagle Ford, and other unconventional formations, resulting in downtime, added costs and safety concerns," said Stan Leong, President and CEO of OSP. MIC is caused by the formation of [Read more]
Newfield Exploration to Present at Upcoming Events
THE WOODLANDS, Texas, Nov. 2, 2015 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) is scheduled to present at the following events: Bank of America Merrill Lynch Global Energy Conference *10:15 a.m. (Central), November 10, 2015 Jefferies Global Energy Conference *10:30 a.m. (Central), November 11, 2015 *A live webcast of the presentation will be made available through Newfield's website at http://www.newfield.com. Newfield Exploration Company is an independent energy company engaged [Read more]
Lisa A. Stewart Joins Cimarex Board of Directors
DENVER, Nov. 2, 2015 /PRNewswire/ -- The Board of Directors of Cimarex Energy Co. (NYSE: XEC) today announced the appointment of Lisa A. Stewart as an independent director of Cimarex effective October 30, 2015. Ms. Stewart will be a member of the Audit Committee. Cimarex Chairman, President and Chief Executive Officer, Thomas E. Jorden, stated, "Lisa brings 30 years of diverse experience in the oil and gas industry to the Cimarex board. We welcome her perspective and thank her for her [Read more]
Entergy to Close James A. FitzPatrick Nuclear Power Plant in Central New York
NEW ORLEANS, Nov. 2, 2015 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) announced today that it will close the James A. FitzPatrick Nuclear Power Plant in Scriba, NY, in late 2016 or early 2017. The company said its decision to close the plant is based on the continued deteriorating economics of the facility. The key drivers cited by the company include significantly reduced plant revenues due to low natural gas prices, a poor market design that fails to properly compensate nuclear generators [Read more]
Tesco Corporation Announces Fourth Quarter 2015 Dividend and Appoints Rose Robeson to its Board of Directors
HOUSTON, Nov. 2, 2015 /PRNewswire/ -- Tesco Corporation (NASDAQ: TESO) today announced that the Board of Directors has approved a fourth quarter dividend and has appointed Rose Robeson to serve as an independent director of the Company. Fourth Quarter Dividend The Board of Directors approved a regular fourth quarter dividend of $0.05 per common share on October 30, 2015. The dividend is payable on December 4, 2015 to shareholders of record at the close of business on November 13, 2015. [Read more]
Region’s Leading Executives and Experts to Cover Hot Topics at NAPEC
ALGIERS, Algeria, November 2, 2015 /PRNewswire/ -- The North African oil and gas industry's top executives and technical experts are confirmed to speak at the 6th North Africa Petroleum Exhibition and Conferences (NAPEC) next March. The 6th edition of NAPEC, to be held at the prestigious Hilton Hotel in Algiers from 8 to 11 March 2016, is expected to draw 25,000 visitors from over 30 countries. Attendees will have the opportunity to hear from senior speakers and visit an exhibition comprising [Read more]
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